I still haven’t forgiven Krugman for arguing for bailing out the banks in the 07/08 crisis/crash…
(We could have say, done that, but put all their boards in Federal Prison, maybe put them into some kind of mandatory recievership/government control, restructure, maybe break em up a bit anti trust style, then let em go a few years later… with new boards, and strings attached… or just let them all implode back then, no Bernanke put, yeah it would have sucked but hey, look at where we are now, the entire corporate world ~20 years down the road of being insanely mismanaged, hyperprofit seeking, unable to function without very low interest rates… and now the debt is much worse, the economy is going to crash much harder, and we’re done being the workd reserve currency, and we’ll be lucky not to hyperinflate/default on our debt and basically have no substantial FDI for a generation…)
But it doesn’t matter, because any even semi-reasonable economist who isn’t a complete free market extremist ideological wacko can point out what Paul’s pointing out here.
I still haven’t forgiven Krugman for arguing for bailing out the banks in the 07/08 crisis/crash…
(We could have say, done that, but put all their boards in Federal Prison, maybe put them into some kind of mandatory recievership/government control, restructure, maybe break em up a bit anti trust style, then let em go a few years later… with new boards, and strings attached… or just let them all implode back then, no Bernanke put, yeah it would have sucked but hey, look at where we are now, the entire corporate world ~20 years down the road of being insanely mismanaged, hyperprofit seeking, unable to function without very low interest rates… and now the debt is much worse, the economy is going to crash much harder, and we’re done being the workd reserve currency, and we’ll be lucky not to hyperinflate/default on our debt and basically have no substantial FDI for a generation…)
But it doesn’t matter, because any even semi-reasonable economist who isn’t a complete free market extremist ideological wacko can point out what Paul’s pointing out here.